Substantial growth in interest for IP and CI among HIV positive people

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The overwhelming majority of HIV positive people (90%) would consider an income protection (IP) or critical illness (CI) policy, up 29% from October.

A similar proportion (89%) had taken less than seven days off work in the past year, the survey done by Unusual Risk of 100 HIV positive people.

Of respondents 90% had had no sickness which lasted more than 7 days, and 74% had taken four days or less off work ill, the national average is 4.5 days.

Chris Morgan, lead financial adviser of Unusual Risks said: "Over the last 12 months we have been conducting a detailed survey into the time taken off work by HIV Positive People due to sickness and illness.

"The survey was conducted at the heart of the HIV Community through the readership of Baseline Magazine and holders of HIV Life Assurance policies that had been taken out since the products were introduction in 2009.

"Since the new Life Insurance products were launched HIV Positive people have been able to protect their mortgages, families, children, partners and businesses.

"It is now time to consider if other financial products such as Income Protection and Critical Illness Cover could be offered to people living with HIV?

"The intention of this survey is to bring attention to the positive effects that HIV medications have had on the work and long term sickness records of HIV Positive people in the UK.

"We would like to encourage the UK insurance Industry to enter into a dialogue over these issues with appropriate stakeholders from within the HIV Community."

Further Reading:

HIV+ people not covered by biggest CI & IP providers

Protection: Three priorities for the industry

Group risk covers 1.25m more people - Swiss Re report

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